The trade balance deficit (FOB/CIF) accounted for 27.211 billion euros in January-October this year, in Romania, higher by 3.993 billion euros (+17.2%) compared to the figure for the same interval last year, according to data published on Tuesday by the National Institute of Statistics (INS).During the mentioned period, FOB exports amounted to 77.731 billion euros, down by 1.2%, and CIF imports amounted to 104.943 billion euros, up by 3%, compared to the same period in 2023.Important shares in the structure of exports and imports are held by the following product groups: machinery and transport equipment (47% for exports and 36.4% for imports) and other manufactured products (28.8% for exports and 28.9% for imports).The value of intra-EU27 trade in goods during the period 1 January - 31 October 2024 was 56.244 billion euros for shipments and 75.796 billion euros for imports, representing 72.4% of total exports and 72.2% of total imports.The value of extra-EU27 trade in goods in the same period was 21.487 billion euros in exports and 29.146 billion euros in imports, representing 27.6% of total exports and 27.8% of total imports.In October 2024, FOB exports amounted to 8.449 billion euros, and CIF imports amounted to 12.174 billion euros, resulting in a deficit of 3.724 billion euros. Compared to October 2023, exports in October 2024 increased by 0.5%, and imports increased by 8.6%.According to the INS, the FOB/CIF trade balance is calculated based on the value of FOB exports and CIF imports, as the difference between them. The negative balance of the trade balance is called a deficit, and the positive one is called a surplus.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
